Find out if buying mortgage points saves you money
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0 months
Cost of Points: 0
Monthly Savings: 0
Break-even: 0 months
A mortgage points calculator helps you determine whether paying upfront points to reduce your interest rate is financially beneficial. Points are fees paid to lower your loan interest rate.
For example, paying 1% of your loan as points can reduce your rate and monthly EMI. However, you need to calculate how long it takes to recover that cost.
The break-even point is when your savings equal the cost of points. If you stay in the home longer than that, buying points can save money.
This tool is ideal for home buyers comparing different mortgage options.
Explore more tools on our home page or browse mortgage calculators.